Scott Kennedy
Value, mREITs, BDCs, dividend investing

Fifth Street Finance Corp.'s Dividend Sustainability Analysis (Post Fiscal Q3 2013 Earnings)

Focus of Article:

The focus of this article is to provide a detailed analysis with supporting documentation (via four tables) on the dividend sustainability of Fifth Street Finance Corp. (NYSE:FSC). This analysis will be performed after a brief discussion regarding the following topics in relation to FSC: 1) general business overview; 2) fiscal third quarter of 2013 results; and 3) regulated investment company ('RIC') classification per the Internal Revenue Code ('IRC').

Understanding the tax and dividend payout characteristics of FSC will provide investors with an overall better understanding of the business development company ('BDC') sector as a whole. Due to the fact FSC currently produces an annual dividend yield of over 10%, many investors turn...

Join Seeking Alpha PRO to read this archived article and 11,574 other archived articles
FREESA PRO MEMBERS
IDEA GENERATORXExclusive access to 10 PRO ideas every day
INVESTING IDEAS LIBRARYXExclusive access to PRO library of more than 15,000 ideas
SECTOR EXPERT NETWORKXExclusive access to all sector experts for direct consultation
PERFORMANCE TRACKINGXTrack performance of all PRO stock ideas
PROFESSIONAL TOOLSXProfessional Idea Filters to zero-in based on industry, market cap and more
"In just the first month of using PRO, I used it to generate two ideas which were actionable for me. As a result of these two positions, I have earned more than 20 times the annual subscription costs for PRO."Michael Yagemann, Greenbridge Capital
"I am pleasantly surprised with the scope of small and mid-cap coverage PRO offers. You can't find that any where else."Patrick Rice, Mainstay Capital Management
You may cancel at any time for any reason, and receive a prompt refund for membership on months paid and not used (max. 6 months). Details